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EARNINGS PER SHARE
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

16. EARNINGS PER SHARE

The following table sets forth the computations of basic and diluted earnings per share for the years ended December 31, 2013, 2012 and 2011:
 
 
 
 
 
2013
 
2012
 
2011
  
 
(In thousands, except per share amounts)
Numerator:
 
 
  
 
 
 
  
 
 
 
  
 
Net earnings attributable to Weyco Group, Inc.
 
$
17,601
 
 
$
18,957
 
 
$
15,251
 
Denominator:
 
 
  
 
 
 
  
 
 
 
  
 
Basic weighted average shares outstanding
 
 
10,779
 
 
 
10,844
 
 
 
11,066
 
Effect of dilutive securities:
 
 
  
 
 
 
  
 
 
 
  
 
Employee stock-based awards
 
 
86
 
 
 
106
 
 
 
93
 
Diluted weighted average shares outstanding
 
 
10,865
 
 
 
10,950
 
 
 
11,159
 
Basic earnings per share
 
$
1.63
 
 
$
1.75
 
 
$
1.38
 
Diluted earnings per share
 
$
1.62
 
 
$
1.73
 
 
$
1.37
 
Diluted weighted average shares outstanding for 2013 exclude antidilutive unvested restricted stock and outstanding stock options totaling 353,000 shares at a weighted average price of $26.85. Diluted weighted average shares outstanding for 2012 exclude antidilutive unvested restricted stock and outstanding stock options totaling 874,530 shares at a weighted average price of $24.26.
Unvested restricted stock awards provide holders with dividend rights prior to vesting, however, such rights are forfeitable if the awards do not vest. As a result, unvested restricted stock awards are not participating securities and are excluded from the computation of earnings per share.